EXPLANATION OF SOME BETTING TERMS
Since I find myself frequently instructing people as to how betting works and what some of it means, I figured I would provide a basic explanation.
+250 – This means if you bet $100, if this bet wins, you would win $250. The same proportion would hold true for bets of more or less than $100.
-250 – This means that in order to win $100, you would need to place a wager of $250. The same proportion would hold true for bets of more or less than $100.
These bets are common in baseball, where the money line is typically used as opposed to the spread, which is more common in football. While a newcomer to betting may think that the bet with the + is a better play, that is not necessarily true because a – suggests a higher likelihood of winning, while the higher the number next to a + suggests an increasingly less likely chance of that bet working.
-7.5 (Spread) : This means the number of points that the favored team would need to win by. A .5 is usually included to avoid a tie. So if the spread is 7.5, the favorite would need to win by 8 or more points.
+7.5 (Spread) : This means the number of points that the underdog can lose by. If the spread is 7.5, an underdog can lose by 7 or less points or win the game outright and the player will win the bet.
Over/Under: Number of points (or runs or goals) a team will score. The player chooses if it will be over or under the set amount of points. These picks can be done by individual team or combined between both teams involved in the game.
When betting online, it is rare to get completely even odds as most games usually carry a 10% commission on losing bets, meaning a -110 as listed above.
For further questions, email me at adwband@gmail.com.
+250 – This means if you bet $100, if this bet wins, you would win $250. The same proportion would hold true for bets of more or less than $100.
-250 – This means that in order to win $100, you would need to place a wager of $250. The same proportion would hold true for bets of more or less than $100.
These bets are common in baseball, where the money line is typically used as opposed to the spread, which is more common in football. While a newcomer to betting may think that the bet with the + is a better play, that is not necessarily true because a – suggests a higher likelihood of winning, while the higher the number next to a + suggests an increasingly less likely chance of that bet working.
-7.5 (Spread) : This means the number of points that the favored team would need to win by. A .5 is usually included to avoid a tie. So if the spread is 7.5, the favorite would need to win by 8 or more points.
+7.5 (Spread) : This means the number of points that the underdog can lose by. If the spread is 7.5, an underdog can lose by 7 or less points or win the game outright and the player will win the bet.
Over/Under: Number of points (or runs or goals) a team will score. The player chooses if it will be over or under the set amount of points. These picks can be done by individual team or combined between both teams involved in the game.
When betting online, it is rare to get completely even odds as most games usually carry a 10% commission on losing bets, meaning a -110 as listed above.
For further questions, email me at adwband@gmail.com.
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